Oil Market Review
Weekly News of Oil Market Oil prices drop below $80 a barrel to their lowest finish since January on recession fears Oil drops sharply , with U.S. prices below $80 a barrel to mark their lowest finish since January, as recession fears grip financial markets, sinking global stock markets and contributing to a further rise […]
Roadworks in many parts of south Asia are affected by heavy monsoon rains
Roadworks in many parts of south Asia are affected by heavy monsoon rains https://rumays.com/wp-content/uploads/2022/09/20220917_1453081.mp4 Indian demand continued to be soft due to the monsoon rains, but a flurry of bulk and drummed bitumen cargoes were transacted into the region. Consumption is expected to resume from end September and show robust growth from November. Some dealers […]
In Singapore, waterborne fob prices fell by $5/t
In Singapore, waterborne fob prices fell by $5/t https://rumays.com/wp-content/uploads/2022/09/20220917_1323541.mp4 In Singapore, waterborne fob prices fell by $5/t last week due to the fall in crude and fuel oil prices but a flurry of deals were concluded for end-September to late-October cargoes. Prices in South Korea fell by $12.5/t.
Iranian bitumen export prices slip on weaker VB
Iranian bitumen export prices slip on weaker VB https://rumays.com/wp-content/uploads/2022/09/20220917_0043501.mp4 Bulk Bitumen and drum prices in Iran slipped last week along with weaker demand for vacuum bottom (VB) feedstock traded on the Iran Mercantile Exchange. Trading picked up earlier in the week and a flurry of cargoes were transacted but trading subsided after VB prices fell […]
Weekly Bitumen News September,13,2022
Weekly Bitumen News september,13,2022 Bulk and drum prices in Iran slipped last week due to weak demand for VB feed. Trading picked up earlier in the week and a flurry of cargoes were transacted but trading subsided after VB prices fell by about 7pc or $20/t on 7 September. Market participants took to the sidelines […]
Serious doubts on Iran nuclear deal
serious doubts on Iran nuclear deal https://rumays.com/wp-content/uploads/2022/09/20220917_1359211.mp4 Europeans have ‘serious doubts’ on Iran nuclear deal London, 11 September (Argus) — The European participants in the Iran nuclear talks have “serious doubts” about Tehran’s commitment to reaching a successful outcome, placing a question mark against a return of Iranian crude to the open market.
Weekly Bitumen News September,6,2022
Weekly Bitumen News september,6,2022 Bulk and drum prices in Iran were steady last week despite higher VB feedstock prices. Bulk cargoes were transacted between $327-350/t, while drummed cargoes were transacted between $405-420/t. Iraqi drum supply has slowed down as the borders between Iran and Iraq were semi-closed for several days following an increase in political […]
Oil Market Review, August 2022
Oil Market Review, August 2022 In August, oil futures ended lower for the third month in a row, marking the longest streak of monthly losses in more than two years. The reality of slowing global economic growth has been met with; Renewed COVID lockdowns in China, Continued strength in Russian exports, Supply returning from Libya, […]
Oil prices consolidate after surpassing $120 per barrel
Oil prices consolidate after surpassing $120 per barrel https://rumays.com/wp-content/uploads/2022/06/20220608_1417381-1.mp4 Oil futures edged down, consolidating after the U.S. benchmark pushed above the $120-a-barrel threshold in the previous session on 7 June. Market drivers: Crude oil prices have retreated from three-month highs, but demand is expected to rebound as China ends COVID-19 restrictions, and concerns over tight […]